.New york city's Jack Shainman Picture has actually sued collection agency James R. Hedges IV, affirming that he owes almost $300,000 for the sales of 19 arts pieces that the gallery had consigned to him.
The lawsuit, which was submitted in the Supreme Court of the Condition of New York on Friday, states that Hedges as well as his gallery, the Santa clam Monica-- based Hedges Projects, were committed these works through billings gone out with in between June 2022 and Might 2024. Hedges and his gallery are accused of being obligated to repay $298,772.72.
Hedges has actually called himself "the go-to guy for Warhol photography," asserting in his bio that he owns the biggest personal assortment of pictures due to the Pop performer. He has actually curated series of Warhol's pictures, featuring one in 2020 at Jack Shainman Picture held before the beginning of the pandemic in The big apple. He likewise presented a marketing show of Warhol's craft along with Gagosian gallery in 2022.
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The kid of a collection agency of self-taught artists, Hedges centered full time on craft beginning in 2013, the year that he left the globe of financial investment banking, according to the Art Newspaper. Along with accumulating craft, he has served as a fiduciary to the Dia Fine Art Structure as well as has actually been actually a customer of the Gallery of Modern Craft in New York City, the Aspen Craft Gallery in Colorado, and also the Tate museum network in the UK. He is currently manager for the fine arts at the the Hotel Bel-Air and also the Beverly Hills Lodging and Bungalows in Los Angeles.
Port Shainman Exhibit was actually founded in 1984 and currently stands for performers such as Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and Rose B. Simpson. In January, the gallery opened up a brand-new 20,000-square-foot space in Tribeca.
Friday's case carried out certainly not information the artworks Jack Shainman Picture had committed to Hedges as well as his gallery, noting merely that the two were actually intended to sell these jobs to debt collectors. According to the match, Hedges and his gallery "kept as well as made use of those funds for their personal reasons as well as advantage.".
" Hedges Projects is actually made blue to learn about the case filed through Port Shainman Gallery," the gallery mentioned in a claim. "Hedges Projects and Port Shainman Gallery possess possessed an effective company relationship due to the fact that 2018. It is actually regrettable that Port Shainman Picture made a decision to file a claim while the events remain in the middle of organization negotiations. Our team firmly differ with the case, as well as program to insist counterclaims of our personal, if important.".
An agent for Jack Shainman Picture declined to comment.